Pix Transmissions
- Market cap
- ₹ 2,300 Cr.
- P/E
- 17.6x
- P/B
- 3.37x
- 52-week range
- 1,252 – 2,089
- ROE
- 16%
- ROCE
- 22%
- Dividend yield
- 0.5%
- Debt / equity
- 0.03
- Sector
- Industrial Products
- Industry
- Rubber
- Listed on
- NSE, BSE
About
PIX Transmissions Limited is an India-based manufacturer of belts and related mechanical power transmission products in India. The Company's products include V-Belts, Ribbed/Poly-V Belts, Timing/Synchronous Belts, Banded Belts, Special Belts, Automotive Belts, Industrial Belts, Agriculture Belts, Lawn & Garden Belts, Pulleys, Couplings, Tensioners and Idlers, PowerWare Products, and Accessories. Its belts are used in mining and construction, power generation units, steel, cement, ceramic, textile, flour mills, oil and petroleum, machine tools and an array of applications. The product range of Automotive Belts includes PIX-Force moulded raw edge cogged automotive belts and PIX-Force synchronous/timing automotive belts. Automotive Belts are available for two-wheelers, cars, vans, trucks, buses, heavy and light-duty vehicles. The Company has manufacturing units, as well as an automated rubber mixing facility located in Nagpur, India.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Rubber: 14 companies →Pix Transmissions against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)17.6 against a typical 22.1: cheaper than most peers (1st = cheapest).5th of 14
- Sales growth+22.1% against a typical +27.2% from a year earlier.8th of 12
- Profit growth+89.3% against a typical +44.4% from a year earlier.5th of 11
- Share price, 3 months−4.1% against a typical −11.5%.6th of 14
- Size₹ 2,300.2 Cr. market value against a typical ₹ 269.7 Cr. (1st = largest).2nd of 14
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A+ by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE A+ / CARE A1+ | Stable | 4 Mar 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 4 Mar 2026 | Reaffirmed | CARE A+ / CARE A1+ | — | CARE | ₹ 113.77 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 7 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 22 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 13 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 14 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 8 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 23 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 124 | 128 | 129 | 130 | 160 | 140 | 163 | 122 | 139 | 151 | 171 | 149 |
| Expenses | 93 | 96 | 98 | 95 | 109 | 106 | 129 | 94 | 104 | 108 | 140 | 104 |
| Operating Profit | 31 | 32 | 31 | 34 | 52 | 34 | 33 | 28 | 34 | 44 | 31 | 46 |
| OPM % | 25% | 25% | 24% | 27% | 32% | 24% | 21% | 23% | 25% | 29% | 18% | 31% |
| Other Income | 4 | 5 | 7 | 9 | 9 | 4 | 4 | 14 | 5 | 9 | 6 | 27 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 6 | 6 | 6 | 6 | 6 | 6 | 5 | 6 | 6 | 6 | 6 | 6 |
| Profit before tax | 28 | 30 | 31 | 36 | 54 | 31 | 31 | 35 | 32 | 46 | 31 | 67 |
| Tax % | 26% | 28% | 21% | 24% | 25% | 29% | 26% | 21% | 27% | 23% | 34% | 21% |
| Net Profit | 21 | 22 | 24 | 27 | 41 | 22 | 23 | 28 | 24 | 35 | 20 | 53 |
| EPS in Rs | 15.19 | 16.17 | 17.93 | 20.15 | 29.75 | 16.33 | 16.62 | 20.45 | 17.28 | 25.88 | 14.84 | 38.72 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 10%
- 5 Years
- 9%
- 3 Years
- 6%
- TTM
- 4%
- 10 Years
- 32%
- 5 Years
- 10%
- 3 Years
- 18%
- TTM
- 16%
- 10 Years
- 43%
- 5 Years
- 20%
- 3 Years
- 16%
- TTM
- —
- 10 Years
- 18%
- 5 Years
- 18%
- 3 Years
- 18%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Pix Transmissions | ₹ 1,661.00 | ₹ 2,300 Cr. | 17.6x | 3.4x | 16% | — |
| Supreme Industries | ₹ 3,450.00 | ₹ 43,824 Cr. | 45.6x | 7.1x | 16.1% | 8.5% |
| Astral | ₹ 1,353.00 | ₹ 36,348 Cr. | 66.9x | 9.1x | 14% | 8.1% |
| PG Electroplast | ₹ 472.00 | ₹ 13,535 Cr. | 90.6x | 5.8x | 6.7% | 3.7% |
| Garware Hi-Tech Films | ₹ 7,037.90 | ₹ 16,351 Cr. | 149.7x | 6.1x | 13.5% | 16% |
| Tega Industries | ₹ 1,721.60 | ₹ 12,919 Cr. | 79x | 3.6x | 5.9% | 8.4% |
Management
- Amarpal Singh Sethi
- Executive Chairman of the Board, Managing Director
- Karanpal Singh Sethi
- Chief Financial Officer, Whole-Time Director
- Shybu K. Varghese
- Compliance Officer, Company Secretary
- Rishipal Singh Sethi
- Joint Managing Director, Executive Director
- Sonepal Pratipal Singh Sethi
- Joint Managing Director, Executive Director
- Joe Moolan Paul
- Whole-Time Director
- Shirley Moolan Paul
- Whole-Time Director
- Sukhpal Singh Sethi
- Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.